Crypto-friendly Republican Senator Bernie Moreno will join the Senate Banking Committee

ChainCatcher news, newly elected Ohio Republican Senator Bernie Moreno will serve on the Senate Banking Committee, which is responsible for overseeing the U.S. Securities and Exchange Commission (SEC) and plays a key role in shaping cryptocurrency legislation.

In 2018, Moreno founded Ownum, a company that sells technology for placing vehicle ownership on the blockchain. Before entering politics, he was a member of the blockchain policy organization The Digital Chamber. Although Moreno did not list cryptocurrency among his 16 core "policy priorities" on his campaign website, he did post several statements supporting the industry on X and publicly opposed a harsh regulatory environment during his campaign in the months leading up to the election.